24 July 2014

AVC: “Platform Monopolies”

For this is the truth that we are now facing. For all of its democratizing power, the Internet, in its current form, has simply replaced the old boss with a new boss. And these new bosses have market power that, in time, will be vastly larger than that of the old boss.

Fred Wilson

The Internet is a continuous revolution for businesses and our personal lives, its size and network effects enabling a new class of fast-growing, global monopolies, from Amazon to to (maybe) Uber. The upside: because the entry barriers are low and things are evolving so fast in the new digital economy, competitors can emerge and grow just as fast.

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